Australia vs the world: how local property stacks up in a volatile global market
From diverging interest rate cycles to uneven housing trends around the world, Australia’s property outlook is being shaped as much by global forces as domestic fundamentals.
From Tokyo (pictured) to Canada, international finance and housing circumstances offer insight into Australia's relative position in terms of interest rates and housing. (Image source: dodotone/Shutterstock.com)
Much has been made of souring Australian property prices and a lack of affordability.
In a month where Perth and Brisbane prices rocketed 2.5 and 1.8 per cent respectively and Sydney and Melbourne went backwards, the national picture became somewhat muddied.
But that lack of clarity is nothing compared to the events that have unfolded globally.
The war in the Middle East prompted the International Monetary Fund (IMF) to publish three scenarios…
